(Ecofin Agency) - In Cote d'Ivoire, the local cashew processing sector which is already exempted from export taxes and benefits from fiscal exoneration, just received a new push to grow as the government decided to grant local cashew processors a premium of cfa400 for each kg of processed nuts they export. 

The new measure will stand for the next five years and could extend two more years, revealed Adama Coulibaly, Managing Director of the Ivorian Cashew and Cotton Association (CCA). 

If the government is ready to help us, we are ready to invest, said Suraj Rao, head of the Export Trading Group (ETG).

Let's recall that from 42,000 tons in 2014, the Ivorian cashew processing capacity rose to 90,000 tons this year.  According to Mr Coulibaly, it could reach 214,500 tons in 2017. The government targets a 100% cashew processing capacity, by 2020.